Key takeaways: Ethereum mega whales have increased their holdings by 9.31%, a stronger buildup than before the 2022 rally. ETH is consolidating inside a bull pennant, with a breakout potentially targeting $3,400 by August. Ethereum wallets holding at least 10,000 Ether (ETH) are ramping up accumulation faster than before the 95% rally in mid-2022. Ether…
Trump Media’s Truth Social has filed an S-1 registration with the United States Securities and Exchange Commission (SEC) to launch an exchange-traded fund (ETF) tracking multiple blue-chip crypto assets. According to a Tuesday filing, the “Truth Social Crypto Blue Chip ETF,” will track the performance of a basket of top crypto assets, including Bitcoin (BTC),…
The US Securities and Exchange Commission has accepted Trump Media’s application for a Bitcoin and Ethereum exchange-traded fund, starting the clock for the agency to approve or reject the proposed fund. The ETF proposes offering investors exposure to Bitcoin (BTC) and Ether (ETH) through shares listed on NYSE Arca backed by the crypto assets, with…
The US Securities and Exchange Commission has accepted Trump Media’s application for a Bitcoin and Ethereum exchange-traded fund, starting the clock for the agency to approve or reject the proposed fund. The ETF proposes offering investors exposure to Bitcoin (BTC) and Ether (ETH) through shares listed on NYSE Arca backed by the crypto assets, with…
Two Ethereum wallets dormant for nearly a decade were activated on Monday, moving a combined 1,140 Ether tokens worth nearly $2.9 million. The two wallets — one starting in “0x27” and the other “0x7f” — were created 3,630 days ago, on July 30, 2015. That date marked the mainnet launch of the Ethereum blockchain, a…
Key points: Bitcoin is facing selling near $110,500, but the bulls are expected to aggressively defend BTC price at its key moving averages. XRP is trying to break above its immediate overhead resistance level. Bitcoin (BTC) continues to face selling near the $110,500 level, indicating that the bears are vigorously defending the level. A positive…
Digital asset company Bit Digital has pivoted its corporate treasury strategy from Bitcoin to Ether, saying the shift reflects its conviction that Ethereum will “rewrite the entire financial system.” Bit Digital used $172 million in proceeds from a recent public offering, along with funds from the sale of 280 Bitcoin (BTC), to acquire Ether (ETH),…
Key takeaways: Ethereum ETF inflows reflect persistent demand from institutions. ETH supply on exchanges hits 8-year low alongside rising whale accumulation. MVRV price bands and V-shaped chart pattern hint at $4,000-$5,000 ETH price. After an over 100% rally to $2,800 from multimonth lows below $1,400 in April, Ether’s (ETH) price has traded within a tight…
Cryptocurrency investment products clocked another week of inflows last week, even as volatility persisted across major digital assets, including Bitcoin and Ether. Global crypto exchange-traded products (ETPs) recorded $1.03 billion of inflows for the trading week ended Friday, CoinShares reported on Monday. With the fresh inflows, crypto ETPs continued breaking year-to-date (YTD) inflow records, setting…
US Senator Cynthia Lummis submitted a draft bill on Thursday proposing to exempt certain crypto transactions from taxation and defer taxes on mining and staking rewards until the underlying tokens are sold. “My legislation ensures Americans can participate in the digital economy without inadvertent tax violations,” said Lummis. The senator’s draft bill was published three…